Ann: ADN: Great White Kaolin Project Update, page-2

Great White Kaolin Project Advances Towards Mining Approval and Operations

Summary

• Great White Kaolin Project declared a New Mine for royalty determination purposes under section 17A of the Mining Act 1971 with a consequent reduced state royalty rate of 2% to apply on minerals produced to 30 June 2026
• Mining Lease Application submission is on schedule to be submitted in February 2021.
• Definitive Feasibility Study (DFS) progressing steadily with various options being evaluated that will maximise returns with minimal risks.
• Origin Capital Group appointed to assist with Bankable Feasibility Study (BFS) corporate finance considerations.
• Meetings with identified customers in progress to formalise offtake agreements.
• Progress made at the Camel Lake high-purity halloysite prospect with an initial site inspection of targeted areas conducted with traditional owners and anthropologist.
• Halloysite nanotechnology funding efforts doubled to include eighteen research areas to be undertaken by the University of Newcastle’s Global Innovative Center for Advanced Nanomaterials (GICAN) through Natural Nanotech Pty Ltd, a jointly owned entity with Minotaur Exploration.

Thankyou @madgwick .

& Thankyou @Whiddon3:
”Advanced discussions are currently in progress with a number of potential customers to lock in Binding Offtake Agreements. Conrad Partners are on the ground following up all current opportunities in China, along with Andromeda staff who are working on a number of other customers targeted throughoutAsia and Europe

Natural Nanotech
The Natural Nanotech (NNT) research and commercialisation joint venture (50:50 Andromeda and Minotaur) set up to investigate new technology applications for halloysite-kaolinite nanoparticles has doubled funding into the research programs at the University of Newcastle’s Global Innovative Center for Advanced Nanomaterials (GICAN).The program will now incorporate eighteen research areas including batteries, supercapacitors and semiconductor technologies, peroxidase and antimicrobial agents in water treatment, and for selective gaseous (CO2, H2) capture-storage-transport-conversion. Construction of a pilot plant to manufacture a halloysite composite for CO2 capture is underway. The patent applications process is ongoing for these unique nanotechnologies involved in producing carbon nanomaterials from halloysite-kaolin precursors and the subsequent processing routes for their specific environmental uses.”